NABARD launches numerous programmes at its 44th foundation day celebration
The initiative is a livelihood intervention programme for ultra-poor rural households using returnable grants and capacity support to transition them into formal economic activity. Among its other launches include, inauguration of NABARD's Sub-office in Leh, Ladakh, launch of NABARD's official WhatsApp Channel and RuralTech CoLab Portal - an open digital innovation platform. It also announced a Grievance Redressal System for Rural Cooperative Banks called NIVARAN among other initiatives.
Shaji K.V, Chairman, NABARD, M. Nagaraju, Secretary, Department of Financial Services, and N. Muruganandam, Chief Secretary of Tamil Nadu spoke in the event.
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These reforms include technology-driven interventions, digitization of cooperatives, and streamlining the credit disbursement process to make financial access more efficient for artisans and emphasized that handloom is not merely a craft but a narrative—one that can be woven with themes of sustainability, circularity, and cultural richness. NABARD's support for Geographical Indication (GI) tagging, both in the pre-registration and post-registration phases, was highlighted as a significant value addition to handloom products. He also spoke about the Off-Farm Producer Organization (OFPO) initiative and NABARD's commitment to working in challenging regions, promoting market-based solutions, building capacity, and scaling production with intent and purpose.M. Beena expressed her appreciation for NABARD's efforts in convening a diverse group of stakeholders, including weavers, artisans, bankers, government agencies, regulators, and NGOs—entities that often operate in isolation. She stressed that handloom is not just a heritage but a living heritage, pointing to the fact that India has over 35.22 lakh handloom workers, including 26.73 lakh weavers and 8.48 lakh allied workers. More than 70 percent of these workers are women, with the proportion rising to 74.5 percent in rural areas. Of the 31.45 lakh households engaged in handloom activities, 88.7 percent are in rural regions. A significant 73.2 percent of handloom workers operate independently, while only 6.3 percent are part of cooperative societies, and 19.4 percent work under master emphasized the growing relevance of handloom in the era of conscious consumption, slow fashion, and ethical production, which aligns with global movements toward reduced carbon footprints. She expressed delight at the overwhelming response to Handloom Day from stakeholders, NABARD, universities, and other NABARD on its initiatives in the GI sector and support for non-farmer producer companies, she called for greater collaboration across the sector between the GoI and NABARD. She emphasised that the journey of the weaver to the entrepreneur and to exporter needs support by various stakeholders. She also highlighted the importance of platforms likewhich serve as dedicated spaces for promoting authentic handloom products and connecting artisans with wider Kumar Roy, GM/OiC, New Delhi RO highlighted the role played by ecosystem enablers like NABARD, Government of India, NHDC and others in the sustainable development of handloom and handicrafts. He stressed upon the need to provide livelihood to weavers and develop the value chain of the Gopal Yandra, MD NABCONS in his address highlighted the importance of the handloom sector and exhorted that we need to believe the handlooms, we need to help the rich heritage of the handloom products in India to make it more Rajiv Ashok (Retd.), Managing Director of NHDC in his address the importance of believing in the potential of the handloom sector and called for more efforts to preserve and promote India's rich heritage. He suggested to promote and create awareness on handloom and handicrafts among school students to foster appreciation for traditional crafts. He also mentioned the need for post-Geographical Indication (GI) support, an area where NHDC is already active, and emphasized that improving the working conditions for handloom workers should be a priority for all from various weaver societies, including the Ambpali Handloom and Handicraft Multi-State Cooperative Society, along with bankers, shared their insights and experiences, while also articulating their expectations from the government and NABARD.
